40% 60% 80% 100% % Hedged   ■Foreign Equity -Foreign Bonds -Foreign Equity -Foreign Bonds   80% 100% U.K. Perspective 20% 40% 60% 80% 100% % Hedged Yen Perspective 20% 40% 60% % Hedged   -Foreign Equity -Foreign Bonds ■ Foreign Equity --it- Foreign Bonds FIGURE 11.4 Currency's Contribution to Portfolio Risk